If you’re planning to invest in stocks, mutual funds, or IPOs, the first step is opening a Demat account—and choosing the right one makes all the difference. With so many options available, finding the best Demat account in India can feel overwhelming. Some offer low brokerage, others promise a seamless mobile experience, while a few are backed by trusted banks.
Whether you’re a beginner looking for the best Demat account with lowest brokerage, or an active trader in need of fast execution and tools, there’s a perfect match for you. This blog will help you compare and pick the best Demat and trading account in India, based on fees, platforms, customer service, and more.
We’ve also listed the best banks for Demat accounts, so you can keep your investments and savings in one place. Let’s break it all down and help you open the best Demat account for your financial goals.
Best Demat Account In India September 2025
1. Zerodha – Top Demat Account In India
Zerodha is one of the most popular names when it comes to low-cost investing. If you’re looking for the top demat account in India with a clean interface, transparent pricing, and reliable customer support, Zerodha is a strong contender.
Though not a traditional bank demat account, Zerodha has earned trust for being secure, SEBI-registered, and perfect for both long-term investors and active traders. Its platform, Kite, is beginner-friendly and fast—ideal for those who want to start trading without dealing with complex systems.
Whether you’re comparing the best demat account in bank or exploring discount brokers, Zerodha consistently ranks high on the top 5 demat account in India list for its affordability and simplicity.
Key Features of Zerodha Demat Account
- Seamless digital account opening (100% paperless)
- Clean, fast trading platform (Kite Web & App)
- Access to mutual funds via Coin by Zerodha
- Direct IPO applications through UPI
- Integrated console dashboard for reports, P&L, and tax-ready statements
- Learning resources via Zerodha Varsity (great for beginners)
Zerodha Brokerage & Charges
Service | Charges |
Account Opening Fee | ₹200 (one-time) |
Annual Maintenance (AMC) | ₹300 per year |
Equity Delivery | ₹0 |
Equity Intraday | ₹20 or 0.03% per order (lower) |
F&O (Equity, Currency, etc) | ₹20 per executed order |
Call & Trade | ₹50 per order |
If you’re specifically searching for the cheapest demat account charges, Zerodha delivers exceptional value—especially for equity delivery trades, which are absolutely free.
Pros of Zerodha
- ₹0 brokerage on equity delivery
- Transparent pricing with no hidden costs
- Excellent web and mobile platforms (Kite)
- Fast customer support and active community
- Great for both beginners and seasoned traders
Cons of Zerodha
- No stock recommendations or in-depth advisory
- Not ideal for investors who prefer full-service brokers
- Doesn’t offer a 3-in-1 account like some banks
- ₹20 per trade can be costly for frequent high-volume traders
Zerodha might not be a bank demat account, but when it comes to functionality and cost-efficiency, it leads the demat account list every year. For anyone looking for the best demat account for beginners or just the best demat account in India overall, Zerodha remains a top choice.
2. Rupeezy – Best Demat Account With Lowest Brokerage
If you’re looking for a demat account with low brokerage and a user-friendly platform, Rupeezy is gaining attention in India’s trading space. Previously known as SAMCO Securities, Rupeezy offers one of the lowest brokerage demat accounts in India while providing advanced tools for retail investors.
With transparent charges and a tech-focused approach, Rupeezy easily competes with some of the top 5 demat accounts in India, especially for cost-conscious traders. It’s a strong pick if you’re looking for a demat account with less brokerage and modern features without paying premium fees.
Key Features of Rupeezy Demat Account
- ₹0 brokerage on first 5 trades every month
- Flat ₹20 per order thereafter (or 0.05%, whichever is lower)
- Free online account opening (paperless process)
- Access to Rupeezy’s advanced stock screener and market scanner
- Instant fund transfers and trade executions
- Integrated with Rupeezy’s “StockBasket” tool for long-term investors
- Margin trading facility available
Rupeezy Brokerage & Charges
Service | Charges |
Account Opening | ₹0 (Limited time offer) |
Annual Maintenance Charges | ₹400 per year |
Equity Delivery | ₹20 or 0.05% per executed order |
Equity Intraday | ₹20 or 0.05% per executed order |
F&O Trading | ₹20 per executed order |
Call & Trade | ₹30 per order |
With a flat fee model, Rupeezy falls in the category of demat account lowest brokerage options in India. If you’re comparing brokers purely based on cost, Rupeezy is worth exploring.
Pros of Rupeezy
- One of the lowest charges for demat account in India
- ₹0 brokerage on first 5 trades every month
- Powerful research tools and AI-based recommendations
- Easy-to-use mobile app and web platform
- Great for both beginners and active traders
Cons of Rupeezy
- Less brand recall compared to Zerodha or Upstox
- No 3-in-1 banking features
- Slightly higher AMC compared to some discount brokers
- Fewer physical branches and offline support
For those who want a broker demat account with all the modern tools but without high trading costs, Rupeezy stands out. It strikes the right balance between affordability and functionality, making it a solid choice for those seeking a demat account with lowest brokerage and smart investing features.
3. Upstox – Best Bank For Demat Account
If you’re looking for a platform that’s affordable, fast, and beginner-friendly, Upstox is one of the best demat account companies you can consider. Backed by industry leaders like Ratan Tata, Upstox has quickly grown into one of the top players among India’s modern brokers.
Whether you’re a first-time investor or someone who trades daily, Upstox offers a smooth, app-based experience with low fees and powerful features. It’s considered by many as the best broker for demat account in terms of balance between cost and usability.
Is It Linked to a Bank?
Upstox is not a bank, but it partners with leading banks for seamless fund transfers. If you’re searching for a demat account best bank or the best demat account bank, Upstox isn’t a traditional choice—but its smart tech and fast interface often make it a better option than many bank-based demat services.
Features That Make Upstox Stand Out
- ₹0 account opening charges (limited-time offers)
- ₹0 brokerage on equity delivery
- ₹20 or 0.05% per order for intraday and F&O trades
- Quick and fully paperless account opening
- Smart analytics and tools for traders
- Access to IPOs, mutual funds, digital gold, and more
- Real-time charts and indicators for active traders
Whether you want to invest or trade, Upstox is often called the best trading demat account for its mix of speed, support, and simplicity.
Upstox Charges at a Glance
Service | Charges |
Account Opening Fee | ₹0 (Limited-time offer) |
Annual Maintenance Charge | ₹300 per year |
Equity Delivery | ₹0 |
Intraday & F&O | ₹20 or 0.05% per order (lower) |
Mutual Funds | ₹0 (direct plans) |
This pricing makes it one of the cheapest demat options for Indian traders and investors.
Why Choose Upstox?
- Among the top demat account companies in India
- Ideal for both beginners and experienced traders
- Easy-to-use app with fast trade execution
- Great support and tutorials for new users
- Consistently listed as a demat account best in India by users and reviewers
If you’re still asking which is the best demat account in India, Upstox is definitely among the top contenders. It combines low cost, a modern interface, and powerful trading features—making it a perfect fit for today’s digital investors.
4. Angel One – Best Demat Account In Bank
If you’re looking for a dependable and beginner-friendly broker, Angel One is one of the best demat accounts in India. With over two decades in the industry, Angel One combines trust, technology, and strong research tools to support both new and experienced investors. Whether you’re investing in stocks, mutual funds, or IPOs, this platform offers everything under one roof.
For those wondering which demat account is best in India, especially for long-term and mutual fund investors, Angel One stands out for its simplicity and zero-brokerage delivery trades.
Why Angel One is a Great Choice
- Free account opening (limited-time offer)
- ₹0 brokerage on equity delivery (great for long-term investing)
- Access to direct mutual funds at zero commission
- Smart research & stock advisory tools
- Intuitive app and web trading platform
- Offers SmartAPI for algorithmic trading
- Dedicated platform for IPO applications, commodities, F&O, and currency
So, if you’re searching for the best demat account for mutual fund investing, Angel One provides a simple and efficient solution with no hidden costs.
Angel One Brokerage Charges
Service | Charges |
Account Opening | ₹0 |
Annual Maintenance (AMC) | ₹240 per year (after 1st year) |
Equity Delivery | ₹0 |
Intraday & F&O | ₹20 per executed order or 0.25% |
Mutual Funds | ₹0 (Direct plans) |
Its transparent fee structure places it among the best demat account lowest brokerage options available today.
Best For
- Long-term investors looking to save on delivery charges
- Beginners needing guidance and easy platform navigation
- Those wanting the best demat account for mutual funds and SIPs
- Investors focused on research-backed decision-making
- Anyone who wants the best trading and demat account for stocks + mutual funds
If you’re investing for the long haul, or even starting your journey into equity and mutual funds, Angel One is a smart pick. Among all demat account brokers, it balances low costs, trusted service, and useful features. So if you’re searching for demat account India best, Angel One should definitely be on your shortlist.
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5. ICICI Direct – Cheapest Demat Account Charges
If you’re someone who values stability, premium service, and easy banking integration, ICICI Direct is one of the best demat and trading accounts in India you can consider. Offered by ICICI Bank, this platform is not just a demat account—it’s a complete financial hub. Whether you’re a beginner or a seasoned investor, ICICI Direct brings the perfect blend of reliability, support, and convenience.
As one of the best demat account bank in India options, it’s ideal for those who prefer a 3-in-1 account setup—savings + demat + trading—all connected and seamless.
Key Features of ICICI Direct
- 3-in-1 Account: Demat, trading, and savings account under one roof
- User-Friendly Interface: Great mobile and web platforms for trading
- Research & Advisory: Top-quality stock research and investment tips
- Wide Product Access: Trade in equities, F&O, IPOs, mutual funds, ETFs, and more
- Security & Trust: Backed by ICICI Bank, one of India’s top private banks
- Easy Funds Transfer: Instant money movement between linked accounts
If you’re looking for the best demat account to open with long-term support and integrated banking, this is a solid choice.
ICICI Direct Brokerage & Charges
Service | Charges |
Account Opening Fee | ₹0 to ₹975 (based on offers) |
Annual Maintenance (AMC) | ₹300 to ₹700 (depending on plan) |
Equity Delivery | 0.55% (can be lower in Prime plan) |
Intraday/F&O | ₹20 per executed order (flat rate) |
Mutual Funds | ₹0 for direct plans |
While not the cheapest demat account in India, ICICI Direct offers excellent value for traders who want premium features and top research.
Who Should Choose ICICI Direct?
- Those looking for the best demat broker in India with research and advisory
- Active traders needing fast execution and detailed analytics
- Investors who want the best demat in India backed by a reliable bank
- Users who prefer bank-linked demat accounts for smoother transactions
- People looking for the best demat account for trading with full-service support
Yes, the cheap demat account charges of discount brokers like Zerodha may look tempting—but if you’re someone who values guidance, trust, and one-click banking and investing, ICICI Direct is a powerful option. Among all the best demat accounts in India, it’s a go-to for serious investors who prefer convenience over complexity.
6. HDFC Securities – Top Demat Account In India
If you’re looking for a reliable and full-featured demat account from a trusted bank, HDFC Securities deserves a top spot on your list. It’s offered by HDFC Bank, one of the most respected names in Indian banking. Whether you’re a first-time investor or someone who actively trades, this is one of the best demat accounts in India backed by strong service, banking integration, and security.
With its seamless 3-in-1 account setup—linking your HDFC Bank savings account with your demat and trading accounts—this platform offers convenience and peace of mind. For those searching for the best bank for demat account, HDFC Securities is a strong and stable choice.
Key Features of HDFC Securities Demat Account
- 3-in-1 Account Integration: Savings + Trading + Demat
- Instant fund transfer between linked HDFC Bank account and trading account
- Access to equity, derivatives, IPOs, mutual funds, bonds, and ETFs
- Trusted platform with decades of experience
- Detailed stock research and investment reports
- Easy mobile trading through the HDFC Securities App
- Personalized advisory services for wealth management clients
This is a great option for users looking for the best demat account in bank with a high level of service and stability.
HDFC Securities Charges & Brokerage Overview
Service | Charges |
Account Opening Fee | ₹999 (One-time) |
Annual Maintenance (AMC) | ₹750 per year |
Equity Delivery | 0.50% per trade |
Equity Intraday | 0.05% per trade |
F&O, Currency, Commodities | ₹20 per executed order |
Mutual Funds | ₹0 for direct plans |
While it may not offer the lowest brokerage in the market, the premium experience and service quality justify the pricing for many investors. If cost is a primary concern, you may find better value with discount brokers—but for banking convenience and expert help, HDFC shines.
Why Choose HDFC Securities?
- Perfect for those seeking the best demat account in India from a reputed bank
- Hassle-free fund transfers through bank-linked setup
- Detailed research and wealth advisory support
- Ideal for long-term investors and mutual fund SIPs
- Ranked consistently among the best demat accounts in India
- Easy to use platform, even for beginners
So, is HDFC Securities the best demat for everyone? If you value trust, support, and a premium experience over bargain-basement brokerage fees, then yes—it’s absolutely one of the best trading accounts in India.
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7. Kotak Securities – Top 5 Demat Account In India
If you’re looking to open a demat account in India with a reputed bank that offers both safety and smart technology, Kotak Securities is a name worth considering. Backed by Kotak Mahindra Bank, this full-service broker gives you access to a 3-in-1 account—demat, trading, and savings—all in one place.
For new investors who want guidance, bank integration, and a hassle-free experience, Kotak is often rated among the best bank demat accounts in India. It’s also emerging as a solid option for those comparing demat account companies in India and wanting both reliability and strong research support.
Key Features of Kotak Securities
- 3-in-1 Account: Seamless link between your bank, demat, and trading accounts
- Zero brokerage plans available under “Trade Free Plan”
- Wide access to equities, IPOs, mutual funds, ETFs, and bonds
- Great for SIPs and long-term investors
- Excellent research reports and advisory services
- Mobile and web platforms are user-friendly and fast
- Safe and secure platform trusted by lakhs of users
For anyone wondering which is the best trading account in India with a trusted name behind it, Kotak offers a good mix of technology, bank convenience, and solid customer service.
Kotak Securities Charges at a Glance
Service | Charges |
Account Opening Fee | ₹0 (on Trade Free plan) |
AMC (Annual Maintenance) | ₹600 per year |
Equity Delivery | ₹0 (Trade Free Plan) |
Intraday & F&O | ₹20 per order (flat rate) |
Mutual Funds | ₹0 for direct plans |
Kotak’s Trade Free plan has made it one of the best options if you’re looking for a low cost demat account from a trusted bank.
Best For
- Beginners who want banking + investing in one place
- Users seeking the best demat account for beginners in India
- Investors looking for trusted, full-service demat account brokers
- Anyone comparing demat account in India options with a focus on security
- People who prefer opening their account with the best bank to open demat account in India
While Kotak may not be as cheap as discount brokers like Zerodha or Upstox for heavy trading, it’s a top pick for those who value trust, convenience, and a premium banking experience. It blends modern tech with strong research and support, making it a well-rounded choice for new and experienced investors alike.
8. 5paisa – Demat Account Low Brokerage
If you’re searching for the best account for trading that combines affordability with features, 5paisa is definitely worth checking out. Known for offering one of the lowest demat charges in the country, 5paisa has become a go-to platform for cost-conscious investors and beginners.
It’s one of the top demat accounts in India for those who want a no-fuss experience and value for every rupee. With fully digital onboarding, smart investment tools, and attractive plans, 5paisa continues to compete with big players while maintaining its niche as one of the best demat trading accounts available online.
Why 5paisa is Among the Best
- Fully online account opening – quick and paperless
- Zero brokerage for long-term plans
- Flat fee trading – ideal for frequent traders
- Direct access to stocks, mutual funds, insurance, digital gold, and more
- One of the lowest AMC charges for demat account
- Useful tools like portfolio analysis and Robo-advisory
- Solid mobile app and desktop trading experience
If you’re wondering which is India’s No. 1 demat account for low-cost investing, 5paisa is certainly in the conversation—especially for budget-minded traders.
5paisa Charges at a Glance
Service | Charges |
Account Opening Fee | ₹0 (Limited-time offer) |
AMC (Annual Maintenance) | ₹45/month or ₹0 with Ultra Plan |
Equity Delivery | ₹20 per executed order (or ₹10 in plans) |
Intraday & F&O | ₹20 per executed order |
Mutual Funds | ₹0 (direct plans) |
With pricing this competitive, it’s easily one of the lowest AMC charges for demat account and one of the most affordable trading accounts in India.
Best For
- Budget-conscious traders and beginners
- Anyone looking for the best online demat account with affordable plans
- Users who want one of the top trading accounts in India without complex features
- Investors who value quick execution, clean interfaces, and a low fee structure
- Those searching for the best trading account in India for day-to-day investing
Whether you’re investing ₹500 or ₹5 lakh, 5paisa gives you complete access to markets without burning a hole in your pocket. If you’re after simplicity, speed, and savings, this is one of the best demat trading account options to consider.
9. Motilal Oswal – Broker Demat Account
When it comes to credibility, expert research, and wealth-building strategies, Motilal Oswal is a name that instantly clicks with serious investors. It’s one of the most respected demat account providers in India, offering a full-service experience with top-class advisory, strong research reports, and a range of investment products.
If you’re wondering which is best demat account in India for research-driven investing and long-term financial planning, Motilal Oswal ranks right at the top. Unlike some discount brokers that only provide a platform, Motilal offers hand-holding—making it a great choice for investors who want guidance at every step.
Key Features of Motilal Oswal Demat Account
- Free account opening with paperless onboarding
- Access to equities, mutual funds, derivatives, IPOs, PMS, bonds, insurance & more
- One of the best stock research & advisory teams in the industry
- Dedicated relationship managers for premium clients
- Smart trading tools, portfolio insights, and actionable recommendations
- Access to Motilal Oswal’s MO Investor & MO Trader apps
- Suitable for both retail and HNI investors
It’s ideal for those looking for the best demat account opening experience backed by strong support and education.
Brokerage & Charges (Basic Plan)
Service | Charges |
Account Opening Fee | ₹0 (promotional offer) |
Annual Maintenance (AMC) | ₹400 (first year free) |
Equity Delivery | 0.20% per executed order |
Intraday Trades | 0.02% per executed order |
Futures & Options | ₹20 per order |
Mutual Funds | ₹0 for direct plans |
While it’s not the lowest brokerage demat account, what you get in return is high-quality support, expert-backed stock picks, and advanced tools to grow your portfolio.
Is It a Bank Demat Account?
Motilal Oswal is not a bank but partners with leading banks to provide seamless transactions. If you’re wondering which bank is best for demat account, and prefer full-service brokers over just tech platforms, Motilal Oswal gives you a close alternative with more personalized service and portfolio management.
Best For:
- Investors who value research and expert advice
- Long-term investors looking for high-touch service
- People searching for top demat accounts in India with wealth-building tools
- Anyone comparing platforms to find the best to open demat account with both tech and advisory
- Clients seeking more than just trading—a full wealth management experience
In short, Motilal Oswal is a great fit if you’re not just looking for cheap trades, but real support and strategy. Among all demat account providers, it’s one that blends human advice with digital convenience—making it one of the best demat accounts in India for smart, long-term investors.
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10. Groww – Best Trading Account In India
If you’re new to investing and want a clean, no-nonsense experience, Groww is a name you’ve probably already heard. Originally popular for direct mutual fund investments, Groww has now become one of the top 5 demat accounts in India, especially among millennials and first-time investors.
What makes Groww stand out is its simplicity, transparency, and low costs. You don’t get overwhelmed with complex tools or confusing charges—just a smooth mobile-first platform where you can buy and sell stocks, mutual funds, and ETFs with ease.
Why Groww is Popular Among New Investors
- 100% paperless account opening—just your PAN and Aadhaar
- Easy-to-use mobile app with real-time price tracking
- Trade in stocks, ETFs, IPOs, and mutual funds from a single dashboard
- Ideal for people seeking a demat account with low brokerage
- No unnecessary calls or forced advisory—just a clean experience
- Excellent option in the demat account list for beginners
Whether you’re investing ₹500 or ₹5,000, Groww makes it effortless.
Groww Demat Account Charges
Service | Charges |
Account Opening Fee | ₹0 |
Annual Maintenance Fee | ₹0 |
Equity Delivery | ₹20 or 0.05% per order (whichever is lower) |
Intraday & F&O | ₹20 or 0.05% per executed order |
Mutual Funds | ₹0 (only direct plans) |
These rates make Groww one of the lowest brokerage demat accounts and perfect for cost-conscious investors looking for lowest charges for demat account in India.
Who Should Choose Groww?
- Anyone searching for a demat account low brokerage setup
- First-time investors looking for an app that’s easy to navigate
- Users who want a single platform for stocks, mutual funds, and IPOs
- People who prefer self-investing without constant sales calls
- Those comparing the top 5 demat accounts in India for simplicity and cost
Groww is not for hardcore traders looking for high-frequency tools or advanced analytics. But if your focus is long-term investing, mutual funds, or learning the stock market at your own pace, it’s one of the best low-cost demat account choices in the market today.
Top 5 Best Demat Account For Mutual Fund September 2025
Groww
Zerodha
Upstox
Angel One
Paytm Money
Best Demat Account Lowest Brokerage September 2025
Zerodha
Upstox
5paisa
ProStocks
Alice Blue
Top 5 Best Demat Account For Long Term September 2025
- 5paisa
- HDFC Securities
- Zerodha
- Upstox
- Kotak Securities
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